Higher education platform upGrad on Monday said it plans to invest $30 million to open 10 global campuses. Separately, JM Financial Private Equity’s third fund said it led an investment round of Rs 95 crore ($11.5 million) in Silveredge Technologies. upGrad to launch global campuses Higher education platform upGrad on Monday said it plans to… Continue reading India Digest: upGrad to invest $30m in new campuses; JM Financial PE leads investment in Silveredge Tech
Author: Deal Street Asia Online News
Layoff worries mount in India: Udaan, Practically, Brainly latest to fire staff
Amid the ongoing funding crunch, layoffs continue to rise in the Indian startup ecosystem. While B2B e-commerce startup Udaan is laying off 300-350 employees in a fresh round of layoffs, edtech company Practically has laid off over 70% of its employees, and peer Brainly has partially shut down Indian operations and fired nearly all its… Continue reading Layoff worries mount in India: Udaan, Practically, Brainly latest to fire staff
Asia Digest: Indo startup Base raises $6m; Purpose Venture Capital scores $10m
Indonesia-based D2C startup Base raised $6 million in a Series A round, while Singapore-based venture investor Purpose Venture Capital secured its first commitment at $10 million. Indonesian startup Base raises $6m in Series A Indonesian direct-to-consumer beauty and wellness startup Base announced raising $6 million in a Series A funding round anchored by Rakuten Ventures,… Continue reading Asia Digest: Indo startup Base raises $6m; Purpose Venture Capital scores $10m
Logistics giant GLP nets $1b for sixth China income fundIts portfolio includes 20 logistics properties with 2.13 million square metres in total leasab…
Global logistics giant GLP has clinched RMB 7.6 billion ($1.05 billion) for the final close of its sixth China income fund, GLP China Income Fund VI (GLP CIF VI), according to an announcement on Monday. Under the portfolio of GLP CIF VI are 20 stabilised and income-producing logistics properties with 2.13 million square metres in… Continue reading Logistics giant GLP nets $1b for sixth China income fundIts portfolio includes 20 logistics properties with 2.13 million square metres in total leasab…
Investcorp plans major ramp up of India assets to $5b: Bloomberg
Alternative asset manager Investcorp is planning to increase its exposure to India in the next five years, Bloomberg reported on Monday, citing an interview with the firm’s executives. The firm currently manages just over $600 million in India, which is a mere 1.5% of its $42.7 billion worth of global assets. Investcorp expects to have… Continue reading Investcorp plans major ramp up of India assets to $5b: Bloomberg
DBS-Temasek debt financing platform EvolutionX invests in India’s API Holdings
EvolutionX Debt Capital, the growth-stage debt financing platform launched by Temasek and DBS, has made its first investment in API Holdings, India’s largest digital healthcare platform, at an undisclosed amount. The investment marks the first of a few planned capital raises and will be followed by equity infusion, Siddharth Shah co-founder and chief executive of… Continue reading DBS-Temasek debt financing platform EvolutionX invests in India’s API Holdings
Malaysian power firm Tenaga said to be weighing $1b stake sale in green energy unit
Malaysia’s state-owned power firm Tenaga Nasional Bhd is said to be considering selling a minority stake in a planned renewable energy unit, Bloomberg reported on Monday. The sale could raise $300 million to $1 billion from potential investors, which will be used to help the Kuala Lumpur-listed power firm fund its expansion into the renewable… Continue reading Malaysian power firm Tenaga said to be weighing $1b stake sale in green energy unit
India’s Adani Group continues to seek strategic equity partners: report
India’s ports-to-energy conglomerate Adani Group continues to seek strategic equity partners aligned with its long-term investment strategy, debt research firm CreditSights said in a report, flagging concern over the Group’s elevated leverage. The Group, led by Asia’s richest person Gautam Adani, is looking to expand its presence in power generation and infrastructure and ventured into cement-making operations earlier… Continue reading India’s Adani Group continues to seek strategic equity partners: report
Unit of China’s Fosun to sell stake in HK-listed Zhaojin Mining for $561mAfter the sale, Fosun will retain a 2.85% stake.
China’s Fosun International Ltd on Monday said its affiliate Shanghai Yuyuan Tourist Mart Group Co will sell 654.1 million Hong Kong shares of Zhaojin Mining Industry Co for HK$4.40 billion ($560.55 million). Shanghai Yuyuan is offering to sell the stake in Zhaojin Mining for HK$6.72 per share, a discount of 1.8% from the closing price… Continue reading Unit of China’s Fosun to sell stake in HK-listed Zhaojin Mining for $561mAfter the sale, Fosun will retain a 2.85% stake.
The LP View: Investors looking for GPs ‘of the future’What worked 15 years ago may or may not work today, says Audrey The-Dumas of Cambridge Associate…
Global investment firm Cambridge Associates has a sizeable team dedicated to identifying the “next generation” of managers amid an evolving private equity industry. “What worked 15 years ago, and has delivered returns, may or may not work today,” Audrey The-Dumas, managing director at Cambridge Associates, told DealStreetAsia in an interview. Go to Source